Oil & Gas Group
This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.
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Backs to the wall: Oil exporting countries double down on fossil fuel subsidies
This article examines the disconnect between the spending priorities of oil exporting countries and their customers, import-dependent nations. While exporters are doubling down on fossil fuel subsidies, data indicates importers are ploughing a greater share of Covid-19 stimulus funding into decarbonising their energy systems. The take-away message is that the disconnect can only exacerbate the structural imbalance risk posed by the energy transition that imperils coal and oil exporting countries.
Backs to the wall: Oil exporting countries double down on fossil fuel subsidies
Energy producers disconnect from their decarbonising customers by channelling Covid-19 stimulus funds into gas, oil and coal
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